Peruvian iron ore producer Shougang Hierro Peru saw its net profit for both Q2 and H1 surge, the company said. Net profit in Q2 rose to PEN 304.4 million ($90 million), from PEN 35.3 million ($10.4 million). Net profit in H1 surged 237.1 percent, year-on-year, to PEN 487.3 million ($144.2 million).
Net revenues in Q2 grew 107.6 percent, year-on-year, to PEN 628 million ($185.8 million).
Gross profit in Q2 totaled PEN 388.2 million ($114.8 million), up from PEN 123.7 million ($36.6 million) in the same quarter of the year prior.
USD = PEN 3.38 (August 13)